The Charlesmead Foundation
The Charlesmead Foundation is a private foundation based in Providence, Rhode Island. Its 2024 grants supported organizations working in areas including community redevelopment, college access, addiction treatment, housing, education, and the arts.
The Charlesmead Foundation at a glance
In short: The Charlesmead Foundation gave $1.4M across 35 grants in 2024 (avg $40K), mostly in Maryland. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,405,000
- +71.3% vs 2023
- Grants made (2024)
- 35
- +9.4% vs 2023
- Average grant
- $40,143
- +56.7% vs 2023
- Median grant
- $10,000
- Total assets
- $22,523,793
- +17.4% vs 2023
- New grantees (estimate)
- 29% first-time grantees (9 of 31, 2024)
- Primary geography
- Maryland (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Charlesmead Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 10 Memorial Boulevard Suite 1003, Providence, RI 02903
Phone: (401) 262-4600
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Charlesmead Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rebuild Metro ($675K across 3 grants). Together the top 10 received $1.2M.
Organizations only. It also paid 2 grants to individuals ($75,000), which are not listed by name.
Grant Size Distribution
171 grants across all recorded years
The most common grant size was under $50K: 134 grants of 171 (78%).
Geographic Focus
Where this funder awards grants
In 2024, 67% of grant dollars went to recipients in Maryland, 15% to Florida, and 5% each to New Jersey, Pennsylvania, and North Carolina. The listed grants also include awards to organizations in Vermont, Rhode Island, and Georgia.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
States
Cities
Is The Charlesmead Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 9 of 31 grantees (29%) were first-time recipients. First grants averaged $121K; repeat grants $14K. How we count
Medians: $60K first-time, $9K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving grew 47% from 2021 to 2024. Method
- In 2024 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $820K (2023) to $1.4M (2024). In 2024 it made 35 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rebuild Metro Baltimore, MD | Operating Support to Restructure and Hire Add Support | $300,000 |
| Rebuild Metro Baltimore, MD | E. Baltimore Redevelopment | $300,000 |
| Collegebound Foundation Baltimore, MD | Capital Campaign and College Completion Program | $125,000 |
| Ashley Addiction Treatment Havre De Grace, MD | New Research Center on Campus | $100,000 |
| Lotus House Miami, FL | General Support | $75,000 |
| Rebuild Metro Baltimore, MD | General Support | $75,000 |
| Everglades Foundation Palmetto Bay, FL | Audience | $50,000 |
| Miami Beach Botanical Garden Miami Beach, FL | Edu Programs and New Senior Edu Manager | $50,000 |
| 2 grants to individuals Recipients not named | — | $75,000 |
| UNC Arts & Sciences Fdn Chapel Hill, NC | General Support | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $22,523,793 | $2,872,872 | $2,048,815 | $1,405,000 | 35 | $1,545,517 | $2,377,530 | $1,273,036 |
| 2023 | $19,186,701 | $1,571,237 | $1,463,419 | $820,000 | 32 | $963,905 | $1,088,331 | $1,154,444 |
| 2022 | $18,726,410 | $890,691 | $1,435,358 | $940,000 | 34 | $1,035,237 | $497,097 | $1,191,653 |
| 2021 | $19,837,632 | $3,627,909 | $1,558,863 | $953,500 | 35 | $1,086,294 | $3,150,220 | $1,194,740 |
| 2020 | $17,794,503 | $1,562,259 | $1,919,061 | $1,015,000 | 35 | — | $959,360 | $1,003,100 |
Under IRS private-foundation payout rules, The Charlesmead Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included operating and redevelopment support for Rebuild Metro in Baltimore, college access and completion support for CollegeBound Foundation, and funding for a new research center at Ashley Addiction Treatment.
Grantees’ own descriptions provide additional context about the organizations supported. Rebuild Metro says it seeks to create wealth and opportunity through real estate investments and partnerships that support long-term community change. CollegeBound Foundation says it helps Baltimore City Schools students pursue and complete college or other post-secondary options through advising, financial guidance, scholarships, and other resources. Crossroads Rhode Island says it assists homeless or at-risk individuals and families in securing stable homes through housing, shelter, case management, education, and employment services.
Grantmaking
In 2024, the foundation awarded 35 grants totaling $1,405,000. Grants ranged from $1,000 to $300,000, with a median of $10,000. Among the largest awards were two $300,000 grants to Rebuild Metro for operating support and East Baltimore redevelopment, a $125,000 grant to CollegeBound Foundation for a capital campaign and college completion program, and a $100,000 grant to Ashley Addiction Treatment for a new research center. Other notable awards included $75,000 to Lotus House for general support and $50,000 each to the Everglades Foundation, Miami Beach Botanical Garden, an individual recipient Preparatory School, and UNC Arts & Sciences Foundation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kathryn Deering as president and John Warren, Maron Deering, Spencer Deering, and Hather Crosby as trustees.
The Charlesmead Foundation is led by Kathryn Deering, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kathryn Deering
President
On filings since 2020
2 hrs/week
No compensation reported
Hather Crosby
Trustee
On filings since 2020
2 hrs/week
No compensation reported
John Warren
Trustee
On filings since 2020
1 hr/week
No compensation reported
Maron Deering
Trustee
On filings since 2020
1 hr/week
No compensation reported
Spencer Deering
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Charlesmead Foundation
How much does The Charlesmead Foundation give each year?
The Charlesmead Foundation gave $1.4M across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $820K across 32 grants.
What is The Charlesmead Foundation's typical grant size?
The Charlesmead Foundation's median grant in 2024 was $10,000, and its average grant was $40,143, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Charlesmead Foundation that year got $121K on average.
Where does The Charlesmead Foundation give grants?
The Charlesmead Foundation gives mostly in Maryland: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Florida (15%) and New Jersey (5%). The most frequent recipient cities were Baltimore, MD (13 grants), Philadelphia, PA (4 grants), Miami Beach, FL (3 grants) and Miami, FL (2 grants).
Does The Charlesmead Foundation give general operating support?
Yes: 77% of The Charlesmead Foundation's 2024 grants with a stated purpose (27 of 35) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Charlesmead Foundation's largest grantees?
The Charlesmead Foundation's largest 2024 grantees include Rebuild Metro ($675,000 across 3 grants), Collegebound Foundation ($125,000) and Ashley Addiction Treatment ($100,000), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($75,000), which are not listed by name. Together they received 64% of its itemized 2024 grant dollars.
How large is The Charlesmead Foundation?
The Charlesmead Foundation reported $22.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
What does The Charlesmead Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included operating and redevelopment support for Rebuild Metro in Baltimore, college access and completion support for CollegeBound Foundation, and funding for a new research center at Ashley Addiction Treatment. See mission & focus areas ↑
How do I apply for a grant from The Charlesmead Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Charlesmead Foundation's EIN?
The Charlesmead Foundation's EIN (Employer Identification Number) is 52-1550204. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Charlesmead Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Charlesmead Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Charlesmead Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-charlesmead-foundation-morg_a9ae28b3bc304c70a88d884a50454560
BibTeX
@misc{grantable_521550204_2026,
author = {{Grantable}},
title = {{The Charlesmead Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-charlesmead-foundation-morg_a9ae28b3bc304c70a88d884a50454560},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Charlesmead Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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